#FUELPRICEDROP: Relief for motorists as fuel price decreases from today
The price of petrol has decreased by 36 cents a litre, diesel by 47 cents and illuminating paraffin by 26 cents.
Motorists can look forward to paying less at the pumps from today (Wednesday, March 7), thanks to a stable exchange rate and lower international fuel prices.
This is according to the Automobile Association (AA), which commented on the unaudited month-end fuel data released by the Central Energy Fund.
ALSO READ: Petrol price relief in January 2018
“The rand was trading at around R12.00 to the US dollar at the start of February, and has gradually strengthened to an average level approaching R11.80 for the month,” the AA said.
“Over the same period, international fuel prices dropped sharply. Although they have subsequently climbed, the increase has been moderate enough for South African fuel users to see some benefit.”
The price of petrol has decreased by 36 cents a litre, diesel by 47 cents and illuminating paraffin by 26 cents.
However, as announced during the recent Budget Speech, a 52-cent hike on fuel levies is being implemented from April 4.
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